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February 12, 2009

Time to invest in broadband


by David Allen

The rollout of next generation broadband services is a good place for the government to invest money, a group of top technology executives were told by Jon Moulton, a managing partner at private equity firm Alchemy Partners, at London’s Regent Conference.

The use of private money in this sector has always been the goal of the government, which has never said that public financing will be available to assist the development of a high speed broadband network.

To back up the government’s stance, there are several developments funded with private finance which provide high-speed broadband services to small communities, such as the one in Wembley where 100 Mbps is available to residents of a new housing development.

However according to the Communications Minister, Lord Carter, the government is currently looking into the development of the next generation broadband network, and whether they can play a part in financing it.

Story link: Time to invest in broadband


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